Baroness Wilcox – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Baroness Wilcox on 2016-04-11.

To ask Her Majesty’s Government what has been the change in real earnings, calculated as nominal earnings growth minus inflation, over the last two years; and what was the change in 2008–10.

Lord O’Neill of Gatley

In the two years to Q4 2010, real total pay fell by 2.8%. In the last two years, real wages have now grown by 3.6%. Wage growth has outstripped inflation for 16 consecutive months, the longest period of real wage growth since 2008. The OBR forecast real wage growth to continue over the entire forecast period.